Botswana’s President Mokgweetsi Masisi has announced that his administration intends to lure more foreign direct investment into the country.
Addressing members of the country’s apex trade and industry body, Business Botswana, on Thursday at the 44th meeting of High Level Consultative Council (HLCC) in the capital Gaborone, Masisi said Botswana intends to establish consolidated boards of investment to ensure all requirements of investors are effectively met.
Masisi said the government institutions charged with attracting FDI are expected to work in cohesion.
Botswana has recently launched a Botswana One Stop Service Centre (BOSSC) in a drive to improve the country’s ease of doing business.
“We also wish to build on the recent success of the Botswana One Stop Service Centre and provide it with the requisite resources including all the seconded staff required from relevant ministries so that it may service investors with high levels of effectiveness and efficiency,” said Masisi.
In the 2018 report by the World Bank, Botswana’s ranking in the ease of doing business declined from position 71 to position 81 out of 190 countries.
SOUTH AFRICA: As a country with a complicated and difficult past, many parents, families and even communities have sacrificed much to give their children the best chance at getting a decent education and a start at realising their dreams.
Although these efforts continue to benefit individuals and communities, Kanyisa Ncemane, General Manager: Customer Solutions at Old Mutual Personal Finance, points out that they also inadvertently create a cycle of financial responsibility.
Findings of the 2017 Old Mutual Savings and Investment Monitor support this, citing that 70% of working metro South Africans are currently supporting, or foresee that they will have to support older family members in the future.
Continue reading SOUTH AFRICA’S “BLACK TAX” RESPONSIBILITY
South African President Cyril Ramaphosa on Saturday urged companies here to go out of their way to employ young graduates as a way of growing the country’s economy.Addressing his first Youth Day commemoration since taking over as head of state in February, Ramaphosa said the employment of young graduates would not place a great burden on individual companies.
“On this Youth Day, we call on all companies – both in the public and private sector – to make a deliberate effort to seek out unemployed graduates and employ them,” Ramaphosa said.
He said this would significantly reduce youth unemployment, “while bringing much needed skills and capacity into the economy.” Continue reading Ramaphosa urges S/African firms to employ youth to improve economy
Author: Tshegofatso B, Lekone
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All of us at one point or another find ourselves in seemingly difficult situations that come to break us, tear our lives part and to wound our hearts to a state of hopelessness and tears beyond comfort. Sometimes these situations occur one after the other giving us no time to heal or take a break. Continue reading Book Review: Rising against all odds
Botswana’s new President His Excellency Mokgweetsi Eric Keabetswe Masisi, set out priorities of his government in addressing the nation soon after being sworn in. He pointed out it was critical for government to redouble its efforts to optimise the participation of the country’s youth in the economy. Masisi said the youth, who make up 60 per cent of Botswana’s population, are future leaders, hence it was crucial to invest in them. Their success was the only guarantee of the country’s long term economic prospects. Continue reading Youth unemployment, Masisi hit the ground running